Overview of Sector 111, Mohali

Location and Connectivity

Sector 111 in Mohali, Punjab, is a rapidly expanding suburban area. Positioned thoughtfully, it offers exceptional accessibility to numerous facilities and neighboring regions. The area connects well with notable landmarks like DPS school, shopping spots, eateries like Dominos and KFC, cafes such as CCD, banks, hypermarkets, hotels, and other fun spots like Baskin Robins.

Real Estate Market

The real estate market in Sector 111 is lively and expanding, fueled by the limited space found in nearby Chandigarh. This area is drawing major interest from buyers and investors due to its quick development progress.

Property Types and Prices

For Sale:

• There are residential plots for sale in different sizes, such as 1,818 square feet and 1,800 square feet. The prices for these range from ₹60 Lac to ₹1.1 Cr, with rates per square foot ranging from ₹1,760 to ₹6,111.
• Apartments and flats are also up for grabs, priced at ₹2.37 Cr for a spacious unit well-suited for all kinds of families.

For Rent:

• Rental options include houses with 2 bedrooms and 3 BHK independent floors by builders. Rent can vary from ₹15,000 to ₹24,000 per month, with additional deposits needed.

Amenities and Infrastructure

• The area has a range of amenities like schools, shopping spots, restaurants, coffee shops, banks, hypermarkets, hotels, and recreational facilities.
• It also includes leisure areas, making it a convenient and desirable spot to live.

Pros and Cons

Pros:

• It provides good access to significant amenities and landmarks.
• A rapidly evolving area with strong potential for property value growth.
• Wide variety of property types available both for sale and rent.

Cons:

• There's limited information available on specific detailed development plans or the sector's long-term prospects.

PropertyWala's Conclusion

Sector 111 in Mohali offers a promising opportunity for buyers and renters due to its strategic location, rapid development, and variety of property options. This well-equipped area is attractive for families and individuals seeking a convenient modern lifestyle. However, it’s wise to research more or consult real estate experts for detailed insight into specific developments and plans for this sector.